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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Ministry readies strategies to intensify plantation exports
The Agriculture Ministry has come up with some strategies to boost Indonesia's exports of plantation commodities amid the COVID-19 pandemic and sought an alternative market for the exports.
Trade relationship with Indonesia needs cultivating
The year before Indonesia had been the fourth largest buyer of Canadian wheat, taking almost 900,000 tonnes and Bogasari had signed a supply agreement with the Canadian Wheat Board to buy between one million and 1.5 million tonnes a year for the next five years
Rise in RSPO trademarks bolstered by consumers opting for “brands of purposeâ€
The trademark is now more sought after by the Supply Chain Associates and Ordinary Consumer Goods Manufacturers and has seen rapid growth in the last six months, with almost 140 new trademark applications received from RSPO members
Palm oil politics still threaten EU–Malaysia ties
Malaysia and the European Union share a long history and strong trade ties. The European Union is Malaysia’s third-largest trading partner and is its largest source of foreign direct investment, and Malaysia is a major exporter of raw materials to the European Union. But politics over palm oil threaten their relationship.
Malaysian palm oil ticks up on crude oil strength, weaker ringgit
Malaysian palm oil futures edged up on Thursday, as crude oil futures rallied and the ringgit weakened, but concerns over a drop in global demand limited gains.
Plantation giants FGV and Sime Darby plead for less stringent control
The country’s two largest plantation groups — FGV Holdings Bhd and Sime Darby Plantation Bhd (SDP) — are pleading for the Sabah state government’s understanding of the tough situation that the oil palm estate owners are facing in the state as a result of shutting down operations in the state.
Building resiliency into Malaysia’s long-term food security — Darshan Joshi
Farmers have already warned of looming vegetable shortages as supply and distribution chains are disrupted.
Malaysian palm oil falls over 2 percent
Malaysian palm oil futures dropped 2% on Wednesday, mirroring losses in rival oils, pressured by growing worries over a plunge in demand as more countries go into lockdowns due to the coronavirus pandemic.
Oil market reels from virus
As the coronavirus pandemic spreads across the world, oil prices face another week of decline, hitting a new low of US$20 per barrel.
